Biblical Economics: The Siege of Samaria, Part 3
In part 3 Steve Matthews discusses the importance of the economic principle of “opportunity cost.” If you’re late to the game, proceed to part 1 and forgo jumping right into part 3. That’s the cost of admission. 🙂
Elisha Prophesies the End of Samaria’s Siege by Nicolas Fontaine, 1625-1709.
My goal in this series is to demonstrate that many of key concepts of economics are either explicitly or implicitly taught in Bible’s account of the siege of Samaria as found in 2 Kings 6:24-7:20.
In Part One, we looked at 2 Kings 6:25 and what we could learn from the exorbitant prices people were paying for undesirable food under siege conditions. In Part 2, we looked at the relationship between two economics and politics. Especially, we considered how economic hardship is frequently brought on by the ill-conceived policies of politicians, who, being loath to take the blame themselves, often will attempt to find a scapegoat to divert public dissatisfaction away from themselves.
Today, I would like us to look at another important economic concept demonstrated in 2 Kings: opportunity cost. But before diving into that, perhaps it would…
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